Monday, November 6 2017 10:03
Karine Melikyan

At Armenia`s consumption market in January-October 2017, there was a deflation of 0.9% with an annual inflation of 0.7%

ArmInfo. The consumer market in  Armenia in October 2017 recorded inflation of 0.8%, which  is caused  by a rise in price of non-food products by 1.9%, food - by 1.2%,  while tariffs for services are reduced by 0.5%. In the capital,  consumer prices rose by 1.1% in October. In January-October 2017,  deflation in 0.9% led to a decrease in the price of food products by  1.7%, a decrease in tariffs for services - by 1.1%, with a rise in  the price of non-food products by 1.1%.The National Statistical  Service of Armenia told ArmInfo that the average monthly decline in  consumer prices in January-October 2017 was 0.1%, against a decline  of 0.3% a year earlier. In January-October 2017, in comparison with  January-October 2016, the consumer market recorded inflation of 0.7%  due to a rise in price of food products by 3.7%, while cheaper  non-food prices by 2.4% and a decrease in tariffs for services by  1.4% %. 

In October 2017, compared to October 2016, a similar pattern was  observed: 1.2% inflation in the consumer market was triggered by  increased food prices by 3.6%, while prices for non-food products  remained unchanged and service prices fell by 1%.It should be noted  that inflation in Armenia in October 2016 was 0.5%, due to a rise in  price of non-food products by 1.1%, of non-food products - by 0.6%,  while tariffs for services remain unchanged. In January-October 2016,  deflation of 3.1% was due to a reduction in the price of food  products by 5.3% and non-food products by 2.4%, while tariffs for  services decreased by 0.7%. The average monthly decline in consumer  prices in January-October 2016 was 0.3%, against a decline of 0.2% a  year earlier. In January-October 2016 compared with January-October  2015, the consumer price index was 98.5%, including food - 96.5%,  non-food - 97.7% and tariffs for services - 102.1%, and in October  2016 in comparison with October 2015 - 99.1%, 98.7%, 96.4% and 101.3%  respectively.

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